SUBRATA ROY

  • SC refuses to free Sahara's Subrata Roy from custody December 17, 2014

    New Delhi: The Supreme Court on Wednesday declined Sahara Group chief Subrata Roy's plea for release from jail along with his two other directors. The trio were taken into custody March 4 for non-compliance of Aug 31, 2012, order to return investors' money that Sahara's two real estate companies - Sahara...
  • SC defers verdict on Sahara plea to raise more debt on hotels December 17, 2014

    Mumbai: The Supreme Court on Wednesday deferred a verdict on embattled Sahara conglomerate's plea seeking permission to raise more debt on its three overseas hotels, crucial to secure bail for its jailed chief Subrata Roy. Sahara needs to deposit an initial $1.6 billion to secure bail for Roy, held in a...
  • Sahara awaits court verdict that may give jailed chief Subrata Roy freedom December 17, 2014

    New Delhi: Embattled conglomerate Sahara is readying for a court verdict on Wednesday that will determine if it can take on a new loan and refinance debt on its overseas hotels, including the Plaza in New York, to secure the release of its jailed chief. Sahara Chairman Subrata Roy has been...
  • Sahara to sell Mumbai, Jodhpur land parcels for Rs 1,251 crore December 7, 2014

    New Delhi: After selling land in Gurgaon for Rs 1,211 crore recently, Sahara group is believed to have finalised two more land parcels deals - one in Mumbai and another in Jodhpur - for over Rs 1,250 crore. Besides, talks are in final stages for sale...
  • To get Subrata out of Tihar, Sahara sells off Gurgaon land to M3M India for over Rs 1,200 crore December 4, 2014

    New Delhi: As it tries to raise funds for securing release of chief Subrata Roy from Tihar jail, Sahara group on Thursday sold a big land parcel in Gurgaon for Rs 1,211 crore to realty firm M3M India Ltd. The group is also believed to have clinched deals for sale of...
  • Sahara tells Supreme Court it will get a loan against its 3 hotels abroad November 28, 2014

    New Delhi: The Sahara group has informed Supreme Court that it has found somebody who is willing to give the company a loan against its three hotels abroad. The group has sought permission to transfer Rs 3070 crore in a Escrow account against these properties. SC has directed Sahara to deposit...
  • Sahara moves Supreme Court, seeks relief for Subrata Roy on deteriorating health condition November 25, 2014

    New Delhi: The Sahara group moved Supreme Court on Tuesday and appealed for relief for its chief Subrata Roy on his deteriorating health condition. The Supreme Court has said that they can only direct Tihar jail to give necessary treatment to Roy. The move comes a day after the Central Board of...
  • Delhi: CBDT raids Sahara properties in Noida and Greater Kailash November 22, 2014

    New Delhi: Central Board of Direct Taxes on Saturday morning raided Sahara properties in Noida and Greater Kailash in Delhi. The raids were conducted by Director-General of Income Taxes, Delhi. Sahara Chief Subrata Roy and two directors of Sahara group have been lodged in prison since early March for non-payment of...
  • Sahara eyes hedge fund support to secure Subrata Roy's release: Report October 12, 2014

    London: Sahara group is believed to be working on an over $1 billion debt refinancing deal with two American hedge funds for raising funds to secure release of its jailed chief Subrata Roy, a media report said on Sunday. The two funds would become financiers for over $1 billion (Rs 6,000...
  • Tihar to raise wall to stop articles being flung from outside October 12, 2014

    New Delhi: Tihar Jail authorities have decided to raise the height of the prison's boundary walls besides enhancing other security measures, after SIM cards and surgical blades were found hidden inside various articles which were flung from outside of the facility. A top official of the high-security jail said restricted...
  • SC declines urgent hearing plea of Sahara chief Subrata Roy October 3, 2014

    New Delhi: The Supreme Court on Friday declined to give an urgent hearing to the plea of jailed Sahara chief Subrata Roy seeking bail to attend the cremation and perform rituals relating to the death of his aunt. The application was mentioned by Roy's advocates at the residence of Chief Justice...
  • Subrata Roy moved back to jail, special facilities withdrawn October 1, 2014

    New Delhi: Sahara chief Subrata Roy on Wednesday was sent back to his cell in Tihar jail at the end of the period granted by the Supreme Court to stay at an air conditioned facility in the complex to negotiate sale of his overseas luxury hotels. The court had extended Roy's...
  • Bullet News: Catch the day's top stories September 8, 2014

    Bullet News is CNNIBN's nonstop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Bhupendra Chaubey September 8, 2014

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...
  • News 360: J&K floods claim nearly 200 lives, massive rescue on September 8, 2014

    The situation in flood ravaged Jammu and Kashmir continues to be critical and all efforts are being made to pull out all victims from this situation. Even though Jammu region is back to normalcy, the situation remains critical in Kashmir. ...
  • SC gives Subrata Roy 15 more days to finalise sale of his hotels September 8, 2014

    New Delhi: The Supreme Court on Monday granted extension of concession to Sahara chief Subrato Roy. Roy, who has been lodged in the Tihar jail has been given 15 more days to to finalise sale of his three foreign luxury hotels. Roy had sought 15 working days to complete sale...
  • Sahara chief seeks 10 more days from SC to facilitate the sale of his hotels in NY, London September 5, 2014

    New Delhi: Sahara chief Subrata Roy has sought extension of the concession given to him for 10 more days. He is presently housed in the conference hall of the Tihar Jail to facilitate the sale of his hotels in New York and London. He said that he could not facilitate...
  • Sultan of Brunei bids for Sahara's New York and London luxury hotels: report August 18, 2014

    New York: The Sultan of Brunei has made a bid for New York's Plaza Hotel, Dream Hotel and London's Grosvenor House hotel, the Wall Street Journal's website edition reported on Saturday, citing people familiar with the situation. An investment firm affiliated with Brunei has offered to pay $2 billion for the...
  • From jail, Subrata Roy tries to sell the New York Plaza August 10, 2014

    New Delhi: It's hardly the $30,000 a night royal suite, but after five months in India's biggest jail, the owner of the New York Plaza and London's Grosvenor House is thrilled to be able to use a modest office as he tries to sell the iconic hotels. Indian tycoon Subrata Roy...
  • Subrata Roy shifted to conference room of Tihar Jail August 5, 2014

    New Delhi: A number of people including the staff of Sahara chief Subrata Roy on Tuesday visited him at the conference room of Tihar jail which has been declared "special jail" for negotiations with potential buyers of his overseas hotels to raise Roy's bail amount of Rs 10,000 crore. Sources in...
  • Sahara chief Subrata Roy to raise bail money from conference room in jail August 4, 2014

    New Delhi: Jailed Sahara chief Subrata Roy will move to a swanky conference room in Tihar prison on Tuesday where he will have facilities like video conferencing, Internet and phone so that he can negotiate with potential bidders for sale of his hotels abroad to raise Rs 10,000 crore for...
  • SC allows Sahara chief Subrata Roy to shift to conference hall in Tihar August 1, 2014

    New Delhi: In slight respite for Sahara chief Subrata Roy, the Supreme Court on Friday allowed him and two other directors of the firm to shift from the barracks of Tihar jail to a conference hall in the prison's vicinity. The court gave 10 working days from August 5 to Sahara...
  • SC allows Sahara chief Subrata Roy to hold talks to sell properties July 30, 2014

    New Delhi: The Supreme Court on Wednesday allowed Sahara chief Subrata Roy, who has been in jail for the last five months, to use conference room in Tihar jail complex for negotiation with potential buyers of his luxury hotels in New York and London to raise Rs 10,000 crore to...
  • Sahara chief seeks SC permission to shift to Tihar guest house July 25, 2014

    New Delhi: Sahara chief Subrata Roy, currently in jail on charges of investor fraud, wants to shift into a guest house in Tihar Jail. He has moved the Supreme Court for the same saying he needs to hold negotiations to sell his assets in India and abroad to meet his...
  • Supreme Court denies bail to Sahara chief Subrata Roy July 22, 2014

    New Delhi: The Supreme Court on Tuesday refused to release Sahara Chief Subrata Roy on bail or parole. The court said that Roy cannot be released for 40 days on bail. The court allowed Roy to mortgage or sell hotels in New York, London in order to raise the money. The...
  • Subrata Roy urges SC to show 'mercy' by granting interim bail July 4, 2014

    New Delhi: The Supreme Court on Friday reserved its order on interim bail plea of Sahara chief Subrata Roy who pleaded to the court to show 'raham'(mercy) and allow him to come out of jail to sell off his properties to deposit Rs 10,000 crore with SEBI as directed to...
  • IT moves SC with a tax demand of Rs 4,800 crore from Sahara July 3, 2014

    New Delhi: There seems to be more trouble for the Sahara Group as the Income Tax department has now approached the Supreme Court with a tax demand of Rs 4,800 crore for the last 3 years. This comes even as Sahara chief Subrata Roy has sought an interim bail of...
  • Rs 3,117 crore deposited with SEBI: Sahara to SC June 30, 2014

    New Delhi: The Sahara group on Monday filed an affidavit in the Supreme Court stating it has deposited Rs 3,117 crore so far with SEBI and that it is trying to raise more money to meet the condition of paying Rs 5,000 crore to get bail for its chief Subrata...
  • Sahara chief to remain in jail as SC lifts freeze on assets June 4, 2014

    Sahara group chief Subrata Roy will remain in jail even as the Supreme Court on Wednesday lifted the freeze on the group's moveable and immovable assets so it could raise Rs.10,000 crore for part repayment to investors. The apex court March 26, 2014 had said Sahara Group will deposit Rs.10,000 crore...
  • Subrata to stay in jail as SC rejects plea to put him under house arrest June 4, 2014

    New Delhi: The Supreme Court on Wednesday appointed FS Nariman as amicus curiae in the Sahara case and rejected its chief Subrata Roy's plea to put him under house arrest. Roy had sought modification of an earlier SC order asking him to pay Rs 5,000 crore in cash besides a...